EaseMyTrip’s co-founder Nishant Pitti, who has been actively involved in the airline and travel industry, has made a bold move to challenge the liquidation of the bankrupt airline GoFirst. Through his venture, Busy Bee Airways, Pitti has put forth a renewed effort in the National Company Law Appellate Tribunal (NCLAT), proposing a revised resolution plan for the airline.
Despite the financial turmoil surrounding GoFirst, which filed for bankruptcy in 2023, Pitti’s backing of Busy Bee Airways signals a strong desire to acquire the airline and ensure its revival rather than seeing it dissolve. Pitti, who is currently considering selling a stake in EaseMyTrip, is positioning his new airline venture as a potential solution to the challenges faced by GoFirst.
In a move that has caught the attention of the aviation industry, Busy Bee Airways has formally challenged the ongoing liquidation process in NCLAT, presenting an alternative plan for GoFirst’s revival. The proposal highlights the airline’s potential for recovery, with the backing of new investments and operational restructuring. Busy Bee’s challenge questions the feasibility of liquidation, suggesting that with the right strategic interventions, GoFirst could return to profitability and contribute to the Indian aviation ecosystem.
Pitti’s push for GoFirst’s revival is seen as part of a broader strategy to further expand his presence in the aviation sector, where he is already involved in the growing travel aggregator business through EaseMyTrip. While the legal battle continues, Pitti’s efforts reflect his commitment to exploring new opportunities in the aviation industry, even as the landscape remains unpredictable.
As the legal proceedings unfold, the outcome of Busy Bee Airways’ challenge will have significant implications not only for GoFirst’s future but also for the broader dynamics of India’s aviation market. If successful, Pitti’s plan could reshape the future of the troubled airline and potentially introduce a new player to the competitive Indian aviation landscape.
